I've been in this situation, and usually, it boils down to negotiation and finding out what everybody thinks they're entitled to. But I'll be blunt: by the time that's done, I typically realize it's just easier to start from scratch, especially if there were no operating agreements outlining a breakup. Let's say they each want $10K because they see you're willing to buy them out (not saying they want to take advantage, but human nature tends to be opportunistic). Then, you must ask yourself if $20K is worth it because you would spend that same amount to make the same level of progress.
In summary, it's all pretty subjective by this point. I hope that helps. There are other methods that are more scientific. Please let me know if you'd like to learn more.
I've been in this situation, and usually, it boils down to negotiation and finding out what everybody thinks they're entitled to. But I'll be blunt: by the time that's done, I typically realize it's just easier to start from scratch, especially if there were no operating agreements outlining a breakup. Let's say they each want $10K because they see you're willing to buy them out (not saying they want to take advantage, but human nature tends to be opportunistic). Then, you must ask yourself if $20K is worth it because you would spend that same amount to make the same level of progress.
In summary, it's all pretty subjective by this point. I hope that helps. There are other methods that are more scientific. Please let me know if you'd like to learn more.
2 Replies